Reserve Bank of India increases Maximum aggregate exposure limit for small businesses to Rs 7.5 crore. The Reserve Bank of India (RBI), which controls the issue and supply of the Indian rupee now raised banks’ maximum aggregate retail exposure limit to small businesses with turnover up to Rs 50 crore to Rs 7.5 crore, up from Rs 5 crore. The Central Bank took this initiative with an aim to increase credit flow to small businesses,
- Reserve Bank of India (RBI) has also decided to extend the existing enhanced Held to Maturity (HTM) limit of 22 percent for SLR securities acquired between September 1, 2020 and March 31, 2021, up to March 31, 2022.
- This means that Banks may continue to hold such excess SLR securities in HTM category up to March 31, 2022.
- The enhanced HTM limit would be restored to 19.5 percent in a phased manner, beginning from the quarter ending June 30, 2022.
- Headquarters: Mumbai
- Founded: 1 April 1935
- Governor: Shaktikanta Das
- What is the most widely used tool of monetary policy? – Open Market Operations
- Who is responsible for the supply of coins in the India? – Ministry of Finance
- According to RBI, India’s forex reserves rose to which record high? – USD 372.73 billion
- RBI has relaxed norms for which of the following bonds? – Masala bonds& Rupee denominated overseas bonds
- RBI has tightened the rules around JLFs. What does JLF stand for? – Joint Lenders Forum
- RBI increases the rate of interest in the situation of: Lower inflation
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